In this question, give all answers to two decimal places.

SPM2.5LT201

Bryan decides to purchase a new car with a price of €14 000, but cannot afford the full amount. The car dealership offers two options to finance a loan.

Finance option A:

A & year loan at a nominal annual interest rate of 14% compounded quarterly. No deposit required and repayments are made each quarter.

(al) Find the repayment made each quarter.

asked by guest
on Oct 18, 2024 at 5:21 am



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